Business Term Loans
Business Term Loans for Equipment, Machinery, Technology & Vehicles
You're ready to work, but need the right tools for the job. Business term loans provide the cash you need to purchase equipment, leasehold improvements or other business needs. Match your needs to BECU's multiple term options to get the money you need, now.
Looking to finance a piece of machinery, equipment, or a larger or unique vehicle? Whether it's a semi-truck, bus or even a delivery van, some larger work vehicles require a term loan. BECU offers the loan you need, with competitive fixed interest rates and flexible repayment terms.
Term Loan Benefits
- No origination fee
- Loan-to-value up to 80%
- Terms up to 84 months
- Competitive fixed rates – See Business Lending Rates for Details
Vehicle Loans: Light Trucks, Cars, SUVs and Consumer-Sized Vans
Getting where you need to go – at the price you want to pay – is easier than ever. In addition to competitive rates and terms, our vehicle loans have no loan fee and allow you to finance up to 100% of the vehicle purchase price.
Vehicle Loan Benefits
- New-car rates on vehicles up to 2 years old
- Loan-to-value up to 100%
- Terms up to 72 months
- Competitive, fixed rates – See Business Lending Rates for Details
- Autos, small vans and small trucks qualify
Accelerate your business with BECU's competitive rates and local member service. Call 206-812-5140 to learn more or click below to get started.
Tips for Applying
Not yet a member? First open a BECU Business Account
Use the Business Loan Application
If you're applying for a vehicle loan, select an in-state vehicle (must be purchased within Washington state)
Provide a purchase order or bill of sale (signed by you and the original owner or dealer, depending where you purchased)
Include collateral information – this may be the equipment description and purchase price; or a copy of the vehicle registration; and/ or the payoff quote, account number and lienholder contact info if you're buying a vehicle directly from another owner
*Loans are subject to credit approval and other underwriting criteria and not everybody will qualify. Fees may apply. Certain restrictions apply. Business and Commercial Loan programs, terms and conditions subject to change without notice.